With the global fleet now averaging more than 22 years of service,...
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More than 40 energy assets across 9 countries in ME “severely or very severely” damaged by war
The strikes last week on the Qatar’s Ras Laffan liquefied natural...
Iran reviews U.S. proposal to end Gulf war with initial negative response
Publicly, Iranian officials poured withering scorn on the prospect...
Global cyber insurance market to reach $ 16.3bn in 2025,says Munich Re
Thomas Blunck, CEO, Reinsurance, Munich Re: “As digitalization advances, cyber protection against one of the biggest threats to economy and society is becoming more and more important. And yet, a large number of organizations lack adequate safeguards and coverage....
Chinese military conducts large-scale drills around Taiwan
China considers Taiwan a part of its territory, to be brought under its control by force if necessary, while most Taiwanese favor their de facto independence and democratic status. Any conflict could bring in the U.S., which maintains alliances in the region and is...
Developing countries’ climate targets at risk without enough finance from developed world India
Together, BRICS nations account for 47 per cent of the world’s population and contribute around 36 per cent of global GDP in purchasing power parity terms. By 2050, BRICS will play a key role in the energy sector, with 54 per cent of global oil production, 53 per cent...
Announcements by US to have substantial implications for global trade: WTO DG
"While the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1 per cent in global merchandise trade volumes this year,...
Fitch cuts China’s credit rating on rising debt, weakening finances
"The downgrade reflects our expectations of a continued weakening of China's public finances and a rapidly rising public debt trajectory during the country's economic transition," Fitch said in a statement Global ratings agency Fitch on Thursday downgraded China's...
Rising input costs to meet safety norms, consumer demand force carmakers to hike prices
According to industry players, safety requirements like 3-point ELR seat belt and reinforcement of rear seats for luggage retention have added to the cost of passenger vehicles in India. New Delhi: Rising input costs to meet mandatory safety requirements as well as...
Protection Gaps: Globally insurance business expected to worsen through 2030
Costs from global ransomware damage are expected to climb to more than $250 billion within the next six years, and actions by individual carriers will not be sufficient to address future risks, a new research released by Bain & Company warns Protection gaps are...
Equity market volatility may persist long-term outlook remains constructive: Experts
"India seems better positioned relative to most Asian equities following the tariff announcements," said Hong Kong-based Alex Wolf, who heads Asia investment strategy at J.P. Morgan Private Bank New Delhi: The heightened global uncertainty due to the US sweeping...
North Korean fake IT experts infiltrate European firms: Google
The workers falsely claim to be from countries including Italy, Japan, Malaysia, Singapore, Ukraine, the US and Vietnam to secure jobs. They’re recruited through platforms including Upwork Inc., Freelancer and Telegram and paid with cryptocurrency, or via digital...
Firm issued fake insurance for Russian oil tankers, Norway’s regulator says
Such vessels are not regulated or covered by conventional Western insurers, posing the risk of unsafe tankers and environmental damage in the event of a wreck. The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was...